A.M. Best Comments on Manulife's Planned Acquisition of the Canadian Operations of Standard Life plc
Business Wire - Fri Sep 05, 2:00PM CDT
A.M. Best has commented that the ratings of Manulife Financial Corporation (MFC) (Toronto, Canada) and its insurance subsidiaries are unchanged following the announcement that its subsidiary, The Manufacturers Life Insurance Company (MLI) (Toronto, Canada), intends to acquire the Canadian-based operations of Standard Life plc for approximately CAD 4 billion.
Fitch Affirms Manulife Financial's Ratings Following Standard Life Acquisition Announcement
Business Wire - Thu Sep 04, 4:08PM CDT
Fitch Ratings has affirmed the ratings of Manulife Financial Corporation (TSE:MFC) including the holding company's Issuer Default Rating (IDR) at 'A' and all outstanding senior debt and hybrid issues, as well as the Insurer Financial Strength (IFS) ratings of all operating subsidiaries at 'AA-'. The Rating Outlook is Stable.
Manulife to offer $2.1 billion of subscription receipts for common shares
PR Newswire - Wed Sep 03, 4:04PM CDT
C$ unless otherwise statedTSX/NYSE/PSE: MFC SEHK:945
La Caisse de dépôt et placement du Québec invests $500 million in Manulife Financial Corporation
CNW Group - Wed Sep 03, 3:52PM CDT
La Caisse de dépôt et placement du Québec today announced a $500?million equity investment in Manulife Financial Corporation to contribute to the financing of the latter's acquisition of the Canadian operations of Standard Life.
Manulife to acquire the Canadian Operations of Standard Life plc
PR Newswire - Wed Sep 03, 3:43PM CDT
Deal deepens Quebec presence and expands investment capabilities globally
Standard Life signs a multi-year agreement with Pathways to Education Canada
CNW Group - Thu Aug 28, 6:02AM CDT
Working to assure the bright futures of Canadian youth, Standard Life's contribution supports specialty and career mentoring programs
Standard Life welcomes new Associate Vice-President Group Insurance
CNW Group - Wed Aug 13, 10:39AM CDT
Standard Life in Canada announced today the appointment Eric Nauss as Associate Vice-President, Product Development, Group Insurance, effective immediately. Mr. Nauss will be responsible for the development of group insurance products and solutions.
Standard Life reports solid second quarter results in Canada
CNW Group - Tue Aug 05, 6:00AM CDT
Note: All figures are based on IFRS and are shown in Canadian dollars. All comparisons are with the corresponding period of 2013, unless otherwise stated.
/R E P E A T -- Media Advisory: Standard Life to release half-year and second quarter results in Canada/
CNW Group - Mon Aug 04, 8:47AM CDT
Standard Life Financial Inc. ("Standard Life"
Media Advisory: Standard Life to release half-year and second quarter results in Canada
CNW Group - Fri Aug 01, 1:26PM CDT
Standard Life Financial Inc. ("Standard Life"
UK Life Insurance Market 2014 - Key Trends and Opportunities to 2018
M2 - Wed Jul 23, 6:56AM CDT
Research and Markets (http://www.researchandmarkets.com/research/8559kx/life_insurance_in) has announced the addition of the "Life Insurance in the UK, Key Trends and Opportunities to 2018" report to their offering. The life insurance segment in the UK accounted for 69.3% of the total industry's gross written premium in 2013 after posting a review-period (2009-2013) compound annual growth rate (CAGR) of 0.4%. The slower growth was associated with lower consumer confidence after the global financial and European debt crises, which led to a decline in the segment from 2008 until 2011. However, due to government actions and regulatory changes, the overall life segment increased at a CAGR of 4.0% during 2011-2013. Group life insurance recorded positive growth, although individual life insurance declined due to low levels of confidence in investments, increased regulatory scrutiny by the Financial Conduct Authority (FCA), and changes in pensions during the review period. Key Highlights - The life insurance segment in the UK accounted for 69.3% of the total industry's gross written premium in 2013. - The life insurance segment in the UK is very well developed, with a high penetration rate of 8.7% of GDP in 2013. - The introduction of the Retail Distribution Review (RDR) in December 2012, a government initiative designed to increase consumer trust and confidence in insurance products and services, is expected to drive future growth in the life segment. - Group life insurance recorded positive growth when compared to individual life insurance, due to the high volume of overseas business. - In 2014, the UK government announced changes in the pension regime, including giving workers more control over their pension funds after retirement. - The UK life segment is concentrated, with the top 10 companies accounting for 78.7% of the segment's gross written premium in 2012. Key Topics Covered: 1 Executive Summary 2 Introduction 3 Regional Market Dynamics 4 Life Insurance Segment - Regional Benchmarking 5 UK Insurance Industry Attractiveness 6 Life Insurance Outlook 7 Analysis by Distribution Channel 8 Porter's Five Forces Analysis - UK Life Insurance 9 Reinsurance Growth Dynamics and Challenges 10 Governance, Risk and Compliance 11 Competitive Landscape and Strategic Insights 12 Business Environment and Country Risk 13 Appendix Companies Mentioned - Aegon NV - Aviva Life Plc - Friends Life Group Plc - Legal & General Group Plc - Lloyds Banking Group Plc - Old Mutual Plc - Prudential Plc - Standard Life Plc - The Royal London Mutual Insurance Society Ltd - Zurich Insurance Co. (UK) Ltd For more information visit http://www.researchandmarkets.com/research/85...surance_in
Standard Life set to offer the Voluntary Retirement Savings Plan
CNW Group - Thu Jul 10, 3:38PM CDT
Standard Life in Canada announced today that it has obtained all necessary approvals to offer Voluntary Retirement Savings Plans (VRSP) to Québec workers.
Standard Life receives a licence to provide a Voluntary Retirement Savings Plan in Québec
CNW Group - Mon Jun 16, 8:18AM CDT
The Standard Life has been issued a licence by the Autorité des marches financiers (AMF) to administer a Voluntary Retirement Savings Plan (VRSP) in Quebec starting July 1.
A.M. Best Affirms Ratings of American National Insurance Company and Its Subsidiaries
Business Wire - Fri Jun 13, 2:19PM CDT
A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of "a+" of American National Insurance Company (ANICO) [NASDAQ:ANAT]. Additionally, A.M. Best has upgraded the ICR to "a+" from "a" and affirmed the FSR of A (Excellent) of ANICO's subsidiary, American National Life Insurance Company of New York (ANICONY) (Glenmont, NY). A.M. Best also has affirmed the FSR of A (Excellent) and the ICRs of "a" of ANICO's other life insurance subsidiaries: American National Life Insurance Company of Texas, Garden State Life Insurance Company (League City, TX), Standard Life and Accident Insurance Company and Farm Family Life Insurance Company (Glenmont, NY). The outlook for all ratings is stable. The ratings of ANICO have been extended to ANICONY, based on its strategic role as the New York marketing arm of its ultimate parent. All the above companies are headquartered in Galveston, TX, unless otherwise specified.
Standard Life and SickKids take students behind the scenes to experience the cool side of science
CNW Group - Tue Apr 01, 8:00AM CDT
As part of its commitment to encourage school perseverance, Standard Life is joining The Hospital for Sick Children (SickKids) in Toronto through a multi-year contribution in support of the Standard Life Kids Science program. The program helps youth from disadvantaged backgrounds discover academic and career paths in science and technology, and gives them access to leaders in these fields in a fun and informative setting.
Standard Life and Accident Launches New Group Term Life Product
PR Newswire - Thu Mar 27, 5:00AM CDT
Responding to the needs of the more than 62% of Americans who prefer to purchase life insurance through their place of employment1, Standard Life and Accident Insurance Company (Standard Life) has launched its newest product, Group Term Life Insurance aimed at smaller companies with as few as 10 employees.
The Brokerage, Inc. Recruits Industry Veteran Rod Frizzell to Spearhead New Final Expense Division
PRWeb - Wed Mar 26, 6:09AM CDT
After seeing great expansion in the Final Expense marketplace, especially with the implementation of the immensely popular Legacy Safeguard marketing system, The Brokerage, Inc. found itself in need of a highly qualified individual to oversee the area. The Brokerage team has selected Rod Frizzell--former Western Regional Sales Manager for Reliance Standard Life.
Standard Life Wealth Deploys Redi2 Revenue Manager(TM)
PR Newswire - Tue Mar 25, 6:00AM CDT
Redi2 Technologies, the leading provider of hosted fee billing and revenue management solutions for the global financial services industry, today announced that Standard Life Wealth has deployed its Revenue Manager software.